Category Archives: debt management

IMF warns of financial meltdown – Eurozone Strengthens, U.S. Dollar Weakens

The IMF warns that the global financial system is on the brink of a massive meltdown, while France and Germany push ahead with a pan-European crisis response to try to prevent the worst global downturn in decades.

What can one do in such perilous times other than buy gold and invest your savings in Euros before the dollar becomes obsolete.

 

http://www.bullionvault.com/#paulfdavis
http://ads.easy-forex.com/Gateway.aspx?gid=104994

At a joint news conference, French President Nicolas Sarkozy and German Chancellor Angela Merkel said they had “prepared a certain number of decisions” to present at a Sunday meeting of European leaders as they work feverishly to restore blocked credit markets to working order.

International Monetary Fund stressed that time was running short after leading industrialized nations failed to agree on concrete measures to end the crisis at a meeting on Friday.

“Intensifying solvency concerns about a number of the largest U.S.-based and European financial institutions have pushed the global financial system to the brink of systemic meltdown,” IMF chief Dominique Strauss-Kahn said.

Low levels of confidence in America’s financial system has caused widespread panic to swiftly sweep through global markets, driving stocks to a five-year low on Friday and prompting banks to protectively hoard cash. That has devastatingly choked off lending to businesses and households, threatening to turn a global economic recession into a dangerously deep depression for perhaps years. Many across America are losing their homes, as is now the case in Australia.

An emergency meeting of euro zone leaders on Sunday will discuss a bank rescue package, taking a British initiative to guarantee lending between banks as a reference point, a source close to the French presidency said.

France’s Sarkozy said euro zone countries were working on a joint solution, but declined to provide specifics. He planned to meet with British Prime Minister Gordon Brown shortly before Sunday’s euro zone gathering.

 

Britain’s rescue plan, launched last week, makes available 50 billion pounds ($86 billion) of taxpayers’ money for injection into its banks and, crucially, calls for underwriting interbank lending, which has all but frozen around the globe.

The world’s richest nations vowed on Friday to take all necessary steps to unfreeze credit markets and ensure banks can raise money but they offered no real specifics on a collective course of action to avert the recession threat. Hence can anyone be sure when so much is promised, but so little usually done in America?

In a surprisingly brief statement after a 3-1/2 hour meeting, the G7 — the United States, Britain, Canada, France, Germany, Italy and Japan — stopped short of backing the British interbank lending guarantee, something many on Wall Street saw as vital to end growing market panic.

Kenneth Rogoff, a Harvard University professor and former IMF chief economist, said the G7 would have been better served adopting some version of the British plan so that banks would feel confident enough to loosen their grip on lending.

“Saying that they’ll take all steps necessary leaves hanging the question of whether they know what is best and necessary,” he told Reuters. “It was a signature moment for the G7. I think markets are going to be very disappointed.”

European Central Bank President Jean-Claude Trichet said markets needed time to digest a series of dramatic steps taken by world central banks in recent days, including pouring billions of dollars into financial markets and lowering interest rates in the broadest coordinated cut on record.

There are signs the U.S. economy is credit-starved and deteriorating fast. American auto makers have been hammered by the credit crunch. GM and Chrysler, two struggling auto makers, are considering a merger to secure cash and cut expenses.

Financial weekly Barron’s reported that GM was preparing to approach the U.S. Federal Reserve about borrowing money directly from the central bank. Many wonder just how many companies and banks the central bank in the United States can bail out before going bankrupt itself?

Some speculate the FDIC insuring American banks deposits will declare bankruptcy next.

What can one do in such perilous times other than buy gold and invest your savings in Euros before the dollar becomes obsolete.

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

Advertisements

Leave a comment

Filed under American economy, banking, bankruptcies, banks governors, central banks, debt management, deflation, dollar, eurozone, finance and economics, finance ministers, financial meltdown, g7, gold, imf, international monetary fund, U.S. economy, u.s. mint, us dollar, worldwide financial meltdown

Death of the Dollar – Avalanche of Bankruptcies on Wall Street

My suggestion is invest in gold, Euros, or the Paulson Credit Opportunities Fund (Paulson & Co. Inc.) since he just made $3 to $5 billion on the sub-prime mortgage crisis and is making all the major decisions on the U.S. economy, bringing in investors into his fund from Europe, and has Greenspan working for him.
 
To do currency exchange or invest online go through my forex account (same price for you, just commission goes to me): http://ads.easy-forex.com/Gateway.aspx?gid=104994
 
Read about Paulson, who billionaire George Soros and his brother also invest in his fund.  They got front page coverage on the Wall Street Journal. http://online.wsj.com/public/article/SB120036645057290423.html
 
Greenspan is one of the most astute on global financial markets and he is advising Paullson.
http://www.reuters.com/article/pressRelease/idUS136083+15-Jan-2008+PRN20080115
 
Amazing 60% gains for Paulson’s fund in a single month (February 2007) also come with occasional monthly losses of 3 to 5% (miniscule in proportion) so be in it for the long term and have some intestinal fortitude so as to not unecessarily panic.  I’d rather put my money with the international bankers, merger titans, and guys pulling political strings on the economy than anybody else. http://www.nypost.com/seven/05042008/business/paulsons_funds_slide_109389.htm
 
To do currency exchange or invest online go through my forex account (same price for you, just commission goes to me): http://ads.easy-forex.com/Gateway.aspx?gid=104994

Paul F Davis – worldwide speaker, author, and prophet

www.PaulFDavis.com

RevivingNations@yahoo.com

Leave a comment

Filed under america, america & politics, American economy, american people, bankruptcies, business, economics, commerce, debt arbitration, debt management, dying dollar, economy, investing, investment advice, protect your savings, wall street woes, wealth and prosperity, where to invest

America – Bankruptcy Central, Global Financial Turmoil

Global financial markets were mightily shaken when Lehman Brothers declared chapter 11 bankruptcy.  Australian banks took a big hit as did Asian banks across the Orient.  Banks across Japan were hammered taking losses between 5 to 20% depending how heavily invested they were in Lehman Brothers, some say up to $700 million for some.

Asian stock markets plummeted Tuesday as the collapse of Lehman Brothers and takeover of Merrill Lynch spurred fears of an imminent global financial crisis. European markets extended losses in early trading after falling sharply Monday.

Tokyo’s Nikkei 225 index sank nearly 5 percent to 11,609.72, its lowest close since July 2005, while Hong Kong‘s blue-chip Hang Seng Index shed 5.4 percent to its lowest point in nearly two years.

America is quickly becoming bankruptcy central as major corporations and governmental institutions go belly up.  Fannie Mae and Freddie Mac governmental lending institutions themselves are having difficulty remaining solvent considering all the bad loans and sub-prime mortgage crisis.

Singapore wisely hasn’t tied itself too tightly to the U.S. having a bit of foresight it seems.  Others will have to live and learn.

Paul F Davis – debt arbitrator and author of United States of Arrogance

www.PaulFDavis.com

RevivingNations@yahoo.com

Leave a comment

Filed under america, america & politics, business, economics, commerce, debt management, debt negotiation, wealth and prosperity

Debt Settlement – Be Free to Live Happy, the Year of Jubilee

Incurring massive amounts of debt is never a joyous thing. Nevertheless in business if you don’t take chances, you cannot make advances. That being said, sometimes we have to get out on a limb to bear some fruit.

Unfortunately, as every entrepreneur and business owner can tell you, sometimes it doesn’t work out. The list of wealthy and successful icons who have declared bankruptcy over the course of their life are countless. Donald Trump and Walt Disney are just great men who have experienced bankruptcy at given times in their financial life.

For an individual with less financial backing and business connections, another alternative far better than bankruptcy is debt settlement. Far better than bankruptcy, debt settlement enables you to maintain your good name.

Bankruptcy tarnishes your name for a minimum of 7 years, making it virtually impossible to get credit or loans from banks as you become a high risk individual. Even worse is the fact that many good jobs with the government, school board, and other reputable employers now ask on applications if you have ever before filed bankruptcy. Considering most quality employers will run a background check on you and find out if you have filed bankruptcy, avoiding bankruptcy altogether is the best thing to do.

Many people are discovering the possibilities of debt settlement and seeking this as a viable option to debt elimination. With the help of a certified debt arbitrator you can fully evaluate your options and devise a financial strategy that is best for you.

Contact Paul F. Davis for debt settlment consultation:

RevivingNations@yahoo.com

407-284-1705

Paul F. Davis is a highly sought after worldwide professional speaker, minister, purpose coach, and consultant transforming organizations and empowering individuals to live their dreams.

http://www.PaulFDavis.com

Paul is the author of several books including Update Your Identity; United States of Arrogance; Poems that Propel the Planet; Update Your Identity; Breakthrough for a Broken Heart; Adultery: 101 Reasons Not to Cheat; Are You Ready for True Love; Stop Lusting & Start Living; Waves of God; Supernatural Fire; God vs. Religion; and many more!

Paul’s compassion for people & passion to travel has taken him to over 50 countries of the world where he has had a tremendous impact. Paul’s organization Dream-Maker Inc. builds dreams, transcends limitations, and reconciles nations.

Contact Paul to speak at your event or for consulting:

RevivingNations@yahoo.com

407-284-1705

http://www.PaulFDavis.com

Leave a comment

Filed under debt arbitration, debt management, debt negotiation, debt settlement, finance and economics, health & wellness, leadership, legal matters, wealth and prosperity